Germany maintains its position as a haven for international sentiment remains positive capital for 2020 despite uncertainty internationally thanks to the robust labour market and increasing domestic consumption. Berlin has drawn a lot of investor attention; operating as Germany’s centre for government, technology and education, it has come second in PWC’s best European City for Investment in 2020. Berlin’s prime luxury apartments are vastly more affordable than the equivalent in major cities such as New York, London and Paris.
The development portfolio in Berlin is one of the most diverse with a selection of newly and purpose build developments, such as KODA and The Alfred to residential conversions such as Richard Quartier. Located across various neighbourhoods in Berlin, appealing to both the international and national tenant market as well as the international student market.
Our success in Berlin:
- 61% of our tenants have renewed with us after their initial tenancy
- Our average tenancy length in Berlin is 15 months – second highest across our global network
- Our current occupancy rate in Berlin is 96%
- 112% Rents vs. Cashflow for our clients
- Average rental yield of 4.69% achieved
Our development successes in Berlin:
With several new developments due to complete over the coming months in Berlin, including River Gardens, KuStrasse and Stralauer Allee, we are very excited to see our footprint in Berlin expand further. If you would like to find out more information about our services in Berlin, you can contact us by clicking here or calling the office on +(0)30 94866863